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Biden Administration Suspends Federal Oil and Gas Permitting
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears to be a first step in delivering on newly sworn-in President Joe Biden's campaign promise to ban all new federal drilling permits, part of his wider agenda to…
Fruergaard to Take Over as CEO of Pacific Basin
Hong Kong-headquartered dry bulk shipping company Pacific Basin announced Wednesday that Martin Fruergaard will take over as CEO, replacing longtime chief executive Mats Berglund, who has decided to retie. Fruergaard, the current CEO of Danish gas shipping company Ultragas, will relocate to Hong Kong and join Pacific Basin in early July. He brings to the role significant maritime leadership experience…
Elon Musk's Firm Buys Two Offshore Rigs to Serve as Launchpads for SpaceX Rockets
Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week…
Gilmore Names New CEO. Targets Acquisitions
Gilmore, a U.S.-based flow control solutions provider for the oil and gas industry, has appointed David Nemetz as its new Chief Executive Officer (CEO).The company is a subsidiary of Aberdeen-headquartered Proserv and provides flow control products and equipment for the drilling, downhole, production, and wider industrial sectors.Gilmore said that under Nemetz, who has 25 years' experience in the energy industry…
DNV GL Approves IBM’s Maximo Software for Maritime and Offshore Sectors
Quality assurance and certification firm DNV GL granted type approval for IBM’s Maximo Enterprise Asset Management (EAM) software, a tool that helps ship owners maintain their vessels in accordance with international regulations.The certification process for Maximo version 7.x was overseen by Manchester-based maritime and offshore specialist IT firm SRO Solutions, part of the Cohesive Companies."Shipowners…
S. Korea's Daewoo Nets $2.6 Bln Iraqi Port Deal
Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities port in the south of the country.Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers.Daweoo will also carry out dredging and drilling works to create an access n
Iraq to Sign $2.625 Bln Port Contract with S.Korea's Daewoo
Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase of a giant cargo port in the south of the country, a port manager said on Wednesday.The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.Under the contract, expected to be signed on Sunday, Daewoo E&C will h
ABS Awards AIP for Infection Mitigating Design to SHI
Classification society ABS said it has awarded South Korean shipbuilder Samsung Heavy Industries (SHI) Approval in Principle (AIP) for crew accommodation and ventilation systems designed to mitigate the spread of infectious diseases such as COVID-19.The AIP, which is said to be an an industry first, is the product of a joint development project (JDP) between ABS and SHI that applied the principles…
Solstad Nets Charters for Platform Supply Vessels in Norway
Norwegian company Solstad Offshore has won charters for two of its platform supply vessels in Norway.The offshore vessel owner said Monday that its platform supplier "Normand Serenade" has won a medium-term contract with Wintershall Dea to support the Deepsea Aberdeen rig's drilling operations in Norway.Wintershall recently hired Odfjell's harsh environment semi-submersible drilling rig to drill exploration…
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Report: EU to Toughen Sanctions on Turkish Offshore Drilling in Contested Waters
The European Union will impose sanctions on more Turkish individuals and companies responsible for drilling in contested waters in the Mediterranean, according to a draft statement prepared for EU lea
East Med Dispute: Turkey Won't Bow to Threats, Erdogan Says as EU Considers Sanctions
Turkey will not bow to threats in its dispute with Greece and Cyprus over maritime claims in the eastern Mediterranean, President Tayyip Erdogan said on Monday as…
OHT's Shipbuilding Deal for Offshore Wind Installation Vessel Now 'Effective'
OHT, the Norwegian offshore heavy transport firm, and soon to be offshore wind installation contractor has said that its shipbuilding contract for its first offshore wind turbine installation vessel has become effective."The shipbuilding contract for OHT’s first WTIV (Wind Turbine Installation Vessel) “Vind 1” has reached contract effectiveness following i.a. the issuance of a Refund Guarantee by China…
Turkey Extends Seismic Survey in Contested Waters in Eastern Mediterranean
Turkey said it was extending the seismic survey work being carried out by its Oruc Reis ship in a disputed part of the eastern Mediterranean until Nov. 29, a move…
US Moves to Loosen Safety Rules for Arctic Offshore Drilling
The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office.The proposal would revise a suite of Obama-era rules crafted to improve safety in the extreme conditions of the Arctic after a Shell drilling rig ran aground there in 2012.
TECH: KENC Engineering Lifting Tool for Offshore Wind
Van Oord awarded Breman Machinery and KENC Engineering with the assignment to design and build a casing lifting adapter (CLA). The lifting tool supports the installation of 190 pin piles at Saint-Brieuc offshore wind farm.The CLA can handle 275 tonnes and is designed to connect with the temporary casing used during drilling operations. It is equipped with redundant safety pin connections and can be operated remotely.
Elliott Bay Design Group Hires Cardella, Laduke
Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) s aid it has hired two new employees to fill positions of retiring employees.Joseph Cardella joins the company as a project manager and is based out of the Covington, La. office. He will lead and manage diverse marine projects along the Gulf Coast, supporting clients with their engineering needs.Cardella has over 13 years of experience as a naval architect and project engineer within the maritime field.
Aquaculture: Inside the De Maas’ Offshore Fish Farm
As attention increasingly turns to ocean health and sustainability, an innovative new fish farm solution was deployed earlier this year when the De Maas’ Semi-submersible Spar Fish Farm (SSFF) became the world’s first offshore farm installed at an open ocean location exposed to tropical storms. MTR recently visited – virtually – with co-founder Philip Schreven for insight on the design and operation…
Biden Expected to Roll Back Trump's Offshore Energy Rollbacks
Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier.Trump’s rollbacks are on shaky ground because most were done not through Congressional lawmaking but via presidential executive orders that can be easily torn up by a new administration.
Pacific Drilling Files for Chapter 11 Bankruptcy Again
Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and certain of its domestic and international subsidiaries had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United…